Connect with us

    Hi, what are you looking for?

    News

    EFCC to Appeal Fayose’s Acquittal in Alleged ₦6.9bn Fraud Case

    EFCC
    EFCC

    Economic and Financial Crimes Commission EFCC says it will be appealing the judgment of Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos acquitting and discharging former Governor of Ekiti State, Ayo Fayose, from an alleged money laundering case preferred against him by the commission.

    The former governor was re-arraigned on Tuesday, July 2, 2019, alongside Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn (Six Billion Nine Hundred Naira).

    The EFCC in a statement released this afternoon, says it is commitment to the rule of law as it briefs its counsel to appeal the judgment.

    In a judgment delivered today July 16, Justice Aneke discharged and acquitted Fayose of all charges in his long-standing money laundering case brought against him by the EFCC.

    The court upheld Fayose’s no-case submission, effectively ruling that the prosecution failed to establish a prima facie case against him to warrant further defence.

    Fayose had been standing trial on allegations bordering on money laundering and fraud during his tenure as governor.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    The Enugu State Government has accused Olasijibomi Ogundele, CEO of Sujimoto Luxury Construction Limited, of defrauding the state of N5.7 billion paid for the...

    Broadcasting

    Gauteng High Court, Johannesburg, has awarded damages of more than R2.6 million to the girlfriend of a Nigerian citizen who was suffocated to d3ath...

    E-Financial

    The Bank of Ghana (BoG) has announced the suspension of the foreign exchange trading licence of United Bank for Africa (UBA) Ghana, effective September...

    E-Financial

    The Bank of Ghana (BoG) has suspended the remittance partnerships of several fintech companies including Flutterwave, Tap Tap Send, and others for a period...